Category Archives: Industries

Customs bans import, export of all goods through borders

Customs bans import, export of all goods through borders

The Nigerian Customs Service (NCS) has placed total ban  on import and export of all goods through the land borders until neighbouring countries agree with Nigeria  on goods that can enter and exit the country. This is coming on the heels

‘Government records over $9.29 billion investment inflow in third quarter’

Over $9.29 billion worth investments came into the nation’s economy in quarter three (Q3) of 2019, according to the Nigerian Investment Promotion Commission (NIPC’s) July to September, 2019, Newsletter. Broken down, NIPC said a total of 13 projects across four

PZ opens entries for competition

Cussons Baby, one of the foremost brands in the baby toiletries category in Africa, has announced the kick-off of another season of its baby competition in Nigeria – Cussons Baby Moments. The brand manufactured by PZ Cussons, announced the commencement

Shareholders bemoan effects of policies, others on pharmaceutical sector

Seek conducive business environment, improved public services Shareholders have bemoaned the myriads of problems inhibiting the growth of the pharmaceutical industry, with multiplier effect on the sector’s stocks on the Nigerian Stock Exchange (NSE).The problems, ranging from stifling effect of

Shell inaugurates 34 projects in Delta communities

Shell Petroleum Development Company (SPDC) Joint Venture (JV) has inaugurated 34 community projects in Ogulagha Kingdom, Burutu Local Government Area of Delta. This was even as the company appealed to its host communities to continue to create the enabling environment for

Forensic investigators to establish academy for financial fraud detection

The Chartered Institute of Forensic and Investigative Professionals of Nigeria (CIFIPN) has said it has concluded every arrangement to construct an academy to serve as the institute’s training ground for prospective members and other forensic investigators. The Protem President of

OPEC basket gains, Brent drops to $58.61

Crude oil prices varied sharply on Tuesday as Brent recorded a second drop in price for the week, while the commodity in the OPEC basket appreciated marginally. Brent dropped to $58.61 per barrel, based on oil price update as at

Freight forwarders beg FG to clear 735 trucks stranded at Seme border

The Association of Nigeria Licensed Customs Agents (ANCLA)  has pleaded with the Federal Government to urgently clear 735 trucks loaded with perishable goods now stranded at Seme. Mr Bisiriyu Fanu, Seme border Chapter Chairman of ANLCA, made the appeal in an

Lori, e-Logistics company expands to Nigeria

Kenyan e-Logistics company, Lori, has officially announced its expansion to Nigeria in a bid to cement its footprint across Africa. The company, which is the largest e-Logistics service provider in East Africa, was launched in Kenya in 2016, to seamlessly

Women sues for more participation in shipping sector

Women across the country have been urged to take a career in the maritime sector. The President, Africa Women in Maritime (WIMA-Nigeria) Nigerian Chapter, Hajia Bola Muse, said the group is determined to empower more competent women for effective participation

National Theatre to get facelift, creative industry N22bn says Emefiele

The Central Bank of Nigeria and the Deposit Money Banks have disclosed their plans to transform the National Theatre at Iganmu in Lagos and make it a vibrant tourist centre. The CBN Governor, Godwin Emefiele, who disclosed this on Monday

No reforms to upgrade industry

In addition, President Buhari in 2018, declined to sign into law, a reform bill – the Petroleum Industry Governance Bill (PIGB), which experts believed could halt the decline and gradually restore comprehensive productivity in the industry. According to industry experts,